Economist or Research Economist (cover role)

at  Bank of England

THE BANK OF ENGLAND

The Bank of England is the UK’s central bank. Our mission is to deliver monetary and financial stability for the British people.
The Bank of England is a diverse organisation. Each of its 4,000 plus people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.

JOB DESCRIPTION

We are looking for an Economist or Research Economist to cover on the Labour Market Team in the Structural Economics Division of Monetary Analysis over the period 27 th January – 20 July. The cover role can be filled either as an Economist or a Research Economist.
The team is responsible for assessing topical structural issues in the UK labour market including the estimation of long-run trends and key labour market relationships such as the Phillips curve and Beveridge curve. The team employs a range of econometric and quantitative modelling techniques based on recent advances in the macro-labour literature, making extensive use of both aggregate and detailed microdata to study the business cycle and assess the state of the UK labour market.
A key objective across all of our teams in SED is horizon scanning and producing medium-term analytical projects that focus on the most important issues shaping the constantly evolving macroeconomic landscape.

The role will be tailored to suit individual strengths but will generally involve:

• Using empirical methods (time series and micro-econometric models) and advanced data analysis (including large microdata) to synthesise information from different data sources and answer key policy questions
• Building structural models to understand the implications of structural changes in the economy
• Communicating analysis to the MPC and advising Committee members and senior management in your field of expertise
• Supporting the production and communication of the MPC’s forecasts and policymaking process
• For the Research Economist role: Pursuing an individual research portfolio that aligns with the research ambitions of the Bank

You will work closely with other teams in SED and, more broadly, across Monetary Analysis and other areas of the Bank.
We encourage applications both from those with a policy-analysis background or a research background. For the Research Economist role, we encourage applications from individuals who have recently obtained or are about to obtain a PhD and the role will include dedicated research time. For the Economist role, we are looking for candidates with strong analytical skills. You don’t need to already meet all the criteria set out below.

The role will be tailored to suit individual strengths but will generally involve:

• Using empirical methods (time series and micro-econometric models) and advanced data analysis (including large microdata) to synthesise information from different data sources and answer key policy questions
• Building structural models to understand the implications of structural changes in the economy
• Communicating analysis to the MPC and advising Committee members and senior management in your field of expertise
• Supporting the production and communication of the MPC’s forecasts and policymaking process
• For the Research Economist role: Pursuing an individual research portfolio that aligns with the research ambitions of the Ban

T his role offers a salary of £52,730 - £62,370. In addition, we also offer a comprehensive benefits package as detailed below:

• A non-contributory, career average pension giving you a guaranteed retirement benefit of 1/95th of your annual salary for every year worked. There is the option to increase your pension (to 1/50th) or decrease (to 1/120th) in exchange for salary through our flexible benefits programme each year.
• A discretionary performance award based on a current award pool.
• An 8% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits.
• 26 days’ annual leave with option to buy up to 12 additional days through flexible benefits.
• Private medical insurance and income protection